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Edson Savings and Credit Union Limited selects Servus Credit Union as potential amalgamation partner

Servus Credit Union and the Edson Savings and Credit Union Limited Board of Directors are pleased to announce that the Edson Board has selected Servus Credit Union as a potential amalgamation partner.

Edson Credit Union and Servus Credit Union share a long tradition of member service based on cooperative values. Edson has about 2100 members and $57 million in assets. Servus, based in Edmonton, has about 320,000 members and over $16 billion in assets.

Edson's Board of Directors felt the future interests of the credit union and its members would be best served by a partnership with another credit union that shares their support for community and commitment to exceptional service. They conducted a thorough process of discovery to identify a preferred partner and selected Servus Credit Union based on the benefits Servus can provide to Edson members, community and staff.

The proposed amalgamation must be approved by Edson members and the provincial regulator. Tentative plans call for presentation of a resolution at the Edson Annual General Meeting on February 12 2019. Servus members do not vote on the merger. Further information will be provided as details are confirmed.

 

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